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Amber had $14,000 to invest (Current Year $, year O), which she invested for 11 years. During this investment period the market rate of return
Amber had $14,000 to invest (Current Year $, year O), which she invested for 11 years. During this investment period the market rate of return was 12%. After 11 years her investment was worth $36,063 in current year dollars (year O). What was average inflation that occurred during the 10 years investment period? 2.4% 2.6% 2.2% 2.9% 3.5%
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